Will Binance Hold Too Much Power in the Future?

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In today's news, thieves learned that there are no Bitcoins inside a Bitcoin ATM. On a more serious note, Binance and its CEO Changpeng Zhao might hold too much power due to the success of the exchange and the launchepad. ICOs on their launchpad reached their hard cap in a matter of seconds which seemed impossible for other projects in the current state of the market. This could mean that either you're going to collect funds on Binance launchepad or forget the phrase "when Binance" alltogether, which might stifle innovation.